Earnings for Economic Development Specialists in the United States come in at around $47K annually on average. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Women are just slightly outnumbered, with male Economic Development Specialists making up 56 percent of survey respondents. Most Economic Development Specialists report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$31,113 - $70,010
(Median)
$31K
$47K
$70K
MEDIAN: $47,402
10%
50%
90%

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$16.77 - $40.60
(Median)
$17
$20
$41
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$31,113 - $70,010  
   
Bonus
$0.00 - $2,948  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,864 - $70,777  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 86
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$16.77 - $40.60  
   
Overtime
$23.70  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $2,948  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,864 - $70,777  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 17
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Job Description for Economic Development Specialist

  • Develop strong knowledge of different resources that will help clients, such as various educational agencies; employment, health, and counseling services; and rules and regulations for community development projects.
  • Reach out to potential clients and track and report on their outcomes.
  • Help individuals and companies achieve financial stability, business and economic growth, and other related economic opportunity goals.

Economic Development Specialist Job Listings

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Pay by Experience Level for Economic Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The median compensation for relatively untried workers is $46K; in the five-to-10 year group, it's higher at around $56K. Economic Development Specialists who work for 10 to 20 years in their occupation tend to earn about $42K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $71K.

Economic Development Specialist Advice

What do you wish you knew about your job when you first started out?

Economic Development Specialist in Rome:
"Think Long Term."
Always surround yourself with good leaders.

Related Job Salaries

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Experience Affects Economic Development Specialist Salaries

Late-Career
up arrow 51%

Mid-Career
up arrow 19%

National Average
$47,000

Entry-Level
up arrow 3%

Experienced
up arrow 12%

Skills That Affect Economic Development Specialist Salaries

Business Development
up arrow 17%

Government Grants
up arrow 12%

National Average
$47,000

Project Management
up arrow 1%

Grant Writing
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
6%
1-4 years
58%
5-9 years
19%
10-19 years
9%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 77%
medical benefits
Vision: 61%
dental benefits
None: 8%
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